Nigeria’s Inflation Slows To 16.05% In October, Food Prices Ease

Nigeria’s inflation rate slowed to 16.05 per cent in October 2025, continuing a steady decline over the past several months, the National Bureau of Statistics (NBS) has revealed.

According to the NBS Consumer Price Index and Inflation report shared on its verified X (formerly Twitter) account on Monday, the figure represents a drop from 18.02 per cent recorded in September. On a month-to-month basis, however, headline inflation increased slightly by 0.93 per cent.

The report also indicated a modest relief in food prices, with food inflation decreasing by 0.37 per cent compared to the previous month.

This marks the seventh straight month in which Nigeria’s inflation rate has eased, signaling gradual relief for consumers amid ongoing economic pressures.